Cargotec’s Board of Directors has named Casimir Lindholm (M.Sc. (Econ.), MBA), born 1971, as the new President and CEO starting April 1, 2023. Until then, Cargotec’s current President and CEO, Mika Vehvilänen, will continue in his role. Lindholm, who has a background as CEO at Eltel and Lemminkäinen and several board positions, brings a wealth of experience to Cargotec. Lindholm has been a member of Cargotec’s Board of Directors since 2021, but due to his appointment, will not be eligible for re-election at Cargotec’s AGM on March 23, 2023.
“I’m honored and excited to be leading Cargotec at such a pivotal moment in the company’s history, with a strong foundation and a clear vision into its next development phase of growth as we have communicated before. With a talented team, a strong portfolio of businesses with decision making close to customers, and a commitment to sustainability and profitable growth, I believe that the company is in an excellent position to create value by empowering our businesses even further in the years to come,” says Casimir Lindholm.
“Casimir is a seasoned leader as a listed company CEO with a proven track record of reshaping businesses. His membership in Cargotec’s Board is an advantage providing profound knowledge and understanding of Cargotec’s business and strategic direction. The work to develop the company to its full potential continues and the Board of Directors is confident that under Casimir’s leadership, Cargotec will continue to drive value for our shareholders and customers. Additionally, I would like to express our gratitude to our retiring CEO Mika Vehviläinen for his leadership and outstanding contributions to our business,” says Jaakko Eskola, Chair of the Board of Directors.
Mika Vehviläinen was named CEO of Cargotec in 2013. On December 20, 2022, Cargotec announced that Vehviläinen had informed the Board of his plans to retire from the company in 2023, in line with his CEO service contract. The Board of Directors then began their search for a successor. Vehviläinen will stay on as an advisor to the Board until February 2024 and then retire.